Close Enough to the North Pole

An excerpt from my Turtle book that I like:

No matter what ‘price’ is the variable that the great traders have lived and died by for decades. Making trading decisions more complicated than the simple heuristic of ‘price’ has always been problematic. Eckhardt knew it was hard to do much better: “Pure price systems are close enough to the North Pole that any departure tends to bring you farther south.”

5 thoughts on “Close Enough to the North Pole

  1. Have you ever considered a new interview with John Eckardt, in order to talk with him about “the esperiment” of turtle traders and how much trading systems and trading in general have evolved since then? Have they realy evolved? I think would be a great idea.

  2. Where is the exact page where I can found the answere to this argument? Jonh John Eckardt has precisely answered to this question to you?

  3. Federico-

    If you haven’t taken the time to read “The Complete Turtle Trader” in its entirety, please do. I think you’ll find the answers to your questions spread throughout the entire book… and not limited to any one specific page. While not answered by William Eckhardt personally, it is answered by Michael’s research and insight into the Eckhardt/Dennis relationship and the effect that Eckhardt had on the Turtles.

    BTW… I’ve read this book several times and continue to receive inspiration and discover new “nuggets” each time… thanks Michael for your excellent work.

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